According to the Metro, the Gunners believe as little as £7million could tempt Jose Mourinho to part with Ivanovic, despite him having been a regular in the Portuguese tactician's defence since his return to Stamford Bridge.

Liverpool and Arsenal to battle for Chile defender

The Juventus man is said to be a target for Brendan Rodgers, as he eyes an alternative to Glen Johnson, while Wenger is in the market for a new right-back after Bacary Sagna's defection to Manchester City.

However, when recently questioned on his future, Isla declared: "I'm working hard for Chile and for Juve.

"I know that the fans love me, everything will depend on the coach. I'm happy to continue my adventure at Juventus."